Mortgage rates in Georgia
Average 30-year fixed 6.49% · Updated July 9, 2026 · Freddie Mac (FRED)
Metro Atlanta anchors one of the South’s largest and fastest-growing housing markets. Below is what buying at Georgia's median price looks like at today's national average rate, plus the local property tax and assistance that actually change your payment.
What a mortgage costs in Georgia
The interest rate on a Georgia mortgage is the same 6.49% national average a lender would quote anywhere — rates are set by the bond market, not by your state. On Georgia's median $399,598 home with 20% down, the balance comes to $319,678, or about $2,018 a month in principal and interest.
What makes Georgia different is the cost around the loan. Its 0.89% effective property-tax rate adds roughly $296 a month, and homeowners insurance about $150 more — bringing the all-in estimate to $2,465. Those local costs, not the interest rate, are what set Georgia apart. Your own price and down payment will move the number — work backward from your income with the what-you-can-afford calculator.
Getting approved in Georgia
Federal HMDA lending records show Georgia lenders originated 242,931 home loans in 2025 and denied 86,323 applications — an approval rate near 73.8% among decisioned applications, against 76.6% nationwide. See how all 50 states compare in our approval-rate rankings, and how Georgia ranks for mortgage complaint analysis (22,755 on record).
Shopping for a loan? See the most active mortgage lenders in Georgia, ranked by federal HMDA volume.
Down-payment help in Georgia
You rarely need 20% down. Georgia DCA — Georgia's housing finance agency — runs the state's main assistance program: The Georgia Dream program offers $10,000–$12,500 in down-payment assistance. Eligibility usually turns on income limits and a homebuyer-education course. Check current terms at Georgia DCA, see how a smaller down payment changes your number with the down-payment need calculator, or compare all state assistance programs.
Georgia mortgage FAQ
What is the current mortgage rate in Georgia?
As of July 9, 2026, the U.S. average 30-year fixed rate is 6.49%. The note rate itself is set nationally, not by state — a lender prices your Georgia loan the same way it would anywhere, based on your credit, down payment and loan type.
What changes locally is everything around the rate: Georgia's ~0.89% effective property tax, insurance costs, and which assistance programs apply.
What is the monthly payment on a typical Georgia home?
On Georgia's median home price of about $399,598 with 20% down at today's 6.49% average 30-year rate, expect roughly $2,465/month — that's $2,018 principal and interest plus about $296 property tax and $150 insurance. Adjust the numbers for your exact price and down payment in our calculators.
How hard is it to get approved for a mortgage in Georgia?
In 2025, Georgia lenders originated 242,931 home loans and denied 86,323 applications — an approval rate of about 73.8% among decisioned applications, versus 76.6% nationally, according to federal HMDA data. See how every state ranks in our mortgage approval report.
Rates shown are national weekly averages for general guidance, not an offer or personalized quote. Payment estimates assume the down payment noted plus estimated taxes and insurance. Confirm current pricing with a licensed lender.